Circle rate is the government-set minimum property value used for calculating stamp duty and registration fees. It…

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Source: https://www.herohousingfinance.com/blog/knowledge-series-of-experts/understanding-circle-rate

Category: Business

Tags: Circle Rate, Home loans

Circle rate is the government-set minimum property value used for calculating stamp duty and registration fees. It impacts property transactions, taxes, and loan approvals. If the purchase price is below the circle rate, duties are still charged at the higher rate. Knowing your area's circle rate helps with budgeting and loan planning.

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